Day: August 11, 2021

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At The 2021 Golden Bridge Awards, Jeunesse Was Named Company Of The Year

jeunesseglobal
jeunesseglobal

At the Golden Bridge Business and Innovation Awards, Jeunesse received five Gold, one Silver, and one Grand Globee Award.

The following are some of the company’s most prestigious awards:

• Gold Globee Award – Company of the Year: Consumer Products category
• Gold Globee Award – Jeunesse EXPO NEXT 2020 Global Virtual Event, Live Event of the Year: Conference and Meetings category
• Lifetime Achievement Award — Randy Ray
• Woman of the Year in Business & the Professions — Wendy Lewis
• Executive Achievement of the Year: Consumer Products — Scott Lewis

Jeunesse was also given a Grand Globee for best of the show for the number of awards and high award levels it received, placing it among the top 10 firms in the competition.

Scott Lewis, Chief Visionary Officer, remarked, “We are pleased to be awarded in the Golden Bridge Awards.” “We are delighted to hear that the efforts of our committed family of Jeunesse Distributors and staff who made fast modifications, helped rethink procedures, and worked hard to achieve success are being acknowledged on a worldwide scale in a year that posed many challenges.”

About Jeunesse

Jeunesse is a global direct selling firm to makes individuals look and feel younger while also encouraging them to reach their full potential. The Y.E.S. Youth Enhancement SystemTM is made up of the company’s proprietary skincare and nutritional products. Jeunesse uses a cutting-edge platform to offer new goods, training, and support through 32 fully operating offices to markets in over 145 countries, with bilingual customer service, back-office support, and a worldwide enrollment system.

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Korea Paralympic Committee And PM-International Are Partners

pm-international
pm-international

The Korea Paralympic Committee and PM-International Korea have launched a collaboration. This is the PM Group’s fourth collaboration with a sports federation in the Asia-Pacific area.

“We believe PM-International Korea and the FitLine products would considerably assist the national team members in their last preparations for the Tokyo Games,” ChungYeon Yang, secretary-general of the Korean Paralympic Committee, stated.

The Cologne List, which offers athletes confidence via transparent testing and analysis of goods to guarantee they are free of doping ingredients, includes all of the company’s FitLine nutritional supplements.

“PM-International Korea and the FitLine brand already assist the Korean Wrestling Federation (KWF), Korean Table Tennis Association (KTTA), and Korean Professional Golf Association (KPGA), helping athletes enhance their performance,” said Alex Oh, PM-International Korea’s Sales GM. “We truly hope that our FitLine products will assist the national team’s top athletes in achieving the best results possible at the Tokyo Paralympics.”

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Medifast’s Revenue Increased By 79 Percent In The Second Quarter

Medifast
Medifast

Medifast, Inc., the worldwide parent company of direct selling business OPTAVIA, has announced its second-quarter financial results, which indicate a 79.2 percent rise in sales to $394.2 million for the quarter. The number of active earning OPTAVIA Coaches increased by 62.2 percent to 59,200, a new high.

Income from operations climbed to $61.4 million from $28.1 million in the previous quarter, owing to higher gross profit and lower selling, general, and administrative expenditures as a proportion of revenue.

“This has been another fantastic quarter for Medifast, thanks in large part to our success in driving growth in independent OPTAVIA Coaches to new highs and empowering those Coaches to be more productive than ever before,” said Dan Chard, Medifast Chairman, and Chief Executive Officer. “To accomplish these outcomes, we’re utilizing technology in new and effective ways, creating digital products, channels, and platforms that allow our Coaches to develop deeper and more successful connections with their customers. Simultaneously, we’ve expedited our supply chain transformation to take full advantage of rising demand, resulting in a production and distribution engine that will support $2 billion in sales far ahead of plan. This effort has provided us with a solid basis on which to build on our competitive edge and generate long-term growth.”

Second Quarter 2021 Results

Revenue during the second quarter of 2020 grew by 79.2 percent to $394.2 million, up from $220.0 million in the previous quarter. In the second quarter, OPTAVIA-branded goods accounted for 94.1 percent of consumable units sold, compared to 83.0 percent a year before. The Company has completed the sunset of the Medifast-branded product line by its business and brand strategy.

The overall number of active earning OPTAVIA Coaches grew by 62.2 percent to 59,200 in the second quarter of 2020, up from 36,500 in the previous quarter. The average revenue per active earning OPTAVIA Coach was $6,662 in the second quarter of this year, up from $5,851 the previous year, a 13.9 percent gain.

From $159.3 million in the second quarter of 2020 to $293.7 million in the second quarter of 2020, gross profit grew by 84.4 percent to $293.7 million. The Company’s gross profit as a proportion of revenue was 74.5 percent in the second quarter of 2020, up from 72.4 percent the previous quarter. The rise in gross profit as a proportion of revenue was due to promotional activity that was implemented in the second quarter of 2020 but not in the second quarter of 2021.

About Medifast®:

Medifast is the parent company of OPTAVIA®, one of the world’s fastest-growing health and wellness communities, which provides scientifically developed products, clinically proven plans, and the support of Coaches and a Community to help clients achieve Lifelong Transformation, One Healthy Habit at a Time®.

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Nu Skin’s Revenue In The Second Quarter Totaled $704.1 Million

nuskin
nuskin

Nu Skin Enterprises, Inc. announced its financial results for the second quarter of 2021, indicating a 15% increase in sales over the same period last year. The company’s total revenue for the quarter was $704.1 million, with profits per share (EPS) up 42 percent to $1.15.

Ritch Wood, Chief Executive Officer, said, “Our growth and performance this quarter and over the previous year reflect our approach of producing world-class beauty and wellness products, being customer-oriented, and digitally enabling our business.” “Continued growth in our beauty device systems, as well as increased adoption of social commerce, drove our results. In addition, we increased profitability considerably throughout the quarter, resulting in excellent profits per share growth. We’ve laid a strong foundation, and I’m confident in Ryan and our leadership team to expand on it and take Nu Skin to the next level.”

The number of sales leaders in the firm climbed by 15% to 64,228, while client numbers increased by 2% to 1,467,617.

“Powered by our dynamic affiliate opportunity platform, we continue to develop our ambition of being the world’s top beauty and wellness company,” said Ryan Napierski, President and CEO-elect. “We strengthened our position as the market leader in beauty device systems during the quarter, as our newest device system, ageLOC Boost, gained traction with a solid launch in EMEA. We’re also happy with the launch of Nutricentials Bioadaptives, which is aimed towards millennials and Generation Z. We’ll start rolling out Beauty Focus Collagen+ in the second part of the year, using our unique expertise in both beauty and wellness, as well as ageLOC Meta, our next major Pharmanex product launch. We are happy with a 15% increase in sales leaders, despite a little drop in customers owing to a big increase the previous year. We’ll be releasing more digital solutions in the coming quarters to help our affiliates with client acquisition, such as tailored social commerce stores in Mainland China. This is a big step forward for us in terms of implementing our digital technologies in the world’s biggest social commerce market.”

Revenue of $700-$730 million is projected in the third quarter, with $2.81 to $2.87 billion expected for the full year. The company expects third-quarter earnings per share to be in the range of $1.10 to $1.20, and full-year earnings per share to be between $4.30 and $4.50.

“As a consequence of ongoing expenditure management and supply chain efficiency, we generated 42 percent EPS growth,” Mark Lawrence, Chief Financial Officer, stated.

About Nu Skin Enterprises, Inc.

Nu Skin Enterprises, Inc. (NSE) has been empowering creative enterprises with sustainable solutions, opportunities, technology, and life-improving values for over 35 years. Currently, the company’s efforts are focused on developing new consumer items, product manufacturing, and controlled environment agriculture technologies.